Q1 2019 Key Market Indicators – New South Wales

New South Wales (NSW) continued to showcase strong economic fundamentals towards the end of 2018, preparing it for a strong performance in 2019. NSW earned 5 silver awards nationally in the PRDnationwide Q1 2019 Key Market Indicator Awards for: most improved number of first home buyer loans, highest number of first home buyer loans, highest number of dwelling approvals, most improved unemployment rate, and highest median growth in weekly family incomes. NSW also earned bronze awards nationally for lowest unemployment rate and highest nett migration.

Q4 2018 Key Market Indicators

As 2018 closes, it is time to celebrate some wins, the most notable of all being positive consumer sentiment and growth in the number of first home buyer loans. The Australian consumer sentiment index recorded 104.3 points in November 2018, which is above the positive mark of 100 index points, and represents a 4.6% growth over the past 12 months. This suggests increasing confidence in the economy, which after a year of federal budgetary and politics changes, is a positive way to end the year. A more confident society will have a higher tendency to spend, which will have a positive multiplier effect on the economy as a whole, be it in the retail sector, hospitality, property, and others.

Q4 2018 Key Market Indicators – New South Wales

New South Wales (NSW) has recently become much more welcoming for first home buyers. In the June quarter 2018, the state achieved the gold award nationally for the most improved number of first home buyer loans with a 68.8% increase over the past 12 months. It also achieved the silver award nationally for the highest number of first home buyer loans (as of June quarter 2018) with 7,252 such loans issued. This has been driven in part by being the only state to not decline in affordability over this period, helping it achieve the gold award nationally for the most improved home affordability loan index growth (as of June quarter 2018).

Port Stephens Property Factsheet 1st Half of 2017

Port Stephens is a sought after market with house and unit median prices growing at 16.1% and 24.7% respectively. The trend of owner occupiers is strong, investors are benefiting from 3.9% (house) and 5.3% (units) rental yield - higher than Sydney’s 2.9% and 3.8% respectively.

Port Stephens Research Factsheet 2nd Half of 2017

The Port Stephens property market recorded a median house price of $632,500 and $445,750 for units in Q3 2017, representing an annual price change of 12.5% and -4.1% respectively. Port Stephens prices are well above Port Stephens LGA, indicating it is a sought after market by buyers and investors.

Port Stephens Property Factsheet 1st Half of 2018

The Port Stephens property market recorded a median house price of $637,500 and $479,000 for units in Q1 2018, representing an annual price growth of 2.7% and 6.4% respectively. Over the same time, house prices in The Port Stephens Council Local Government Area (LGA) grew by 7.5% to $570,000 and unit prices grew by 8.2% to $437,000. This suggests that Port Stephens offers a more premium market than the wider LGA whilst remaining more affordable when compared to Sydney’s median house and other dwelling prices of $1,150,357 and $740,000. Buyers are urged to capitalise on capital growth and affordability in Port Stephens.

Your Green Guide – Residential Real Estate 2018

PRDnationwide, through the Australia Research Council Linkage project funded by the Australian Federal Government, is proud to release Your Green Guide - Residential Real Estate 2018 and an accompanying Green House Scorecard. This work is a culmination of 3 years of research, in collaboration with Queensland University of Technology (QUT), Karlsruhe Institute of Technology Germany, and other key industry partners.